03:52 PM EST, 11/27/2024 (MT Newswires) -- (Updates with stock price movement in the headline and the new CFO starting in the first paragraph.)

Autodesk ( ADSK ) shares fell 8.7% in recent Wednesday trading, a day after a new chief financial officer was appointed, while the company recorded higher fiscal Q3 earnings and revenue.

Janesh Moorjani was named CFO, effective Dec. 16. replacing interim CFO Elizabeth Rafael, who will remain as an adviser through the end of fiscal 2025.

Moorjani most recently was CFO of Elastic (ESTC).

The company reported Q3 non-GAAP earnings of $2.17 per diluted share, up from $2.07 a year earlier.

Analysts polled by Factset expected $2.12.

Revenue in the quarter ended Oct. 31 rose to $1.57 billion from $1.41 billion a year earlier.

Analysts surveyed by Factset expected $1.56 billion.

The company expects Q4 non-GAAP EPS of $2.10 to $2.16 on revenue of $1.62 billion to $1.64 billion.

Analysts polled by Factset expect EPS of $2.12 on revenue of $1.62 billion.

The company expects fiscal 2025 non-GAAP EPS of $8.29 to $8.35.

Analysts surveyed by Factset expect $8.28.

Price: 290.33, Change: -27.63, Percent Change: -8.69